The global economic outlook appears increasingly grim, according to experts. Farish Noor reports on the highlights of the first half of the Singapore Global Dialogue.
The dialogue on 20-21 September is organised by the S Rajaratnam School of International Studies at Nanyang Technological University.
According to Farish:
Experts note that almost half of the leaders of the G20 will seek re-election in the next 12 months. Leaders are therefore hamstrung and unwilling to push for unpopular reforms.
Some European banks too are overexposed to the European sovereign debt crisis. Too late to negotiate financial infrastructure.
Unless radical measures are taken by autumn, we will head to a global financial crisis.